Excellent, friendly, and efficient service.
Discover business car leasing
Business leasing with Dick Lovett BMW
As a BMW Corporate Certified dealer, Dick Lovett BMW is committed to delivering exceptional service and personalised support to our corporate customers, from leasing companies and fleet managers to company car drivers, small businesses, and sole traders.
We take pride in supplying competitive business contract hire rates on a selection of luxurious BMW fleet cars, including the latest plug-in hybrid and all-electric BMW models such as the BMW i4 and iX3.
Our expert Corporate team are dedicated to providing a tailored service that meets your specific needs. They are highly trained to provide comprehensive demonstrations of fleet vehicles, answer any queries, and help you find the ideal BMW to match your requirements.
With BMW business leasing, you can enjoy flexible terms, customisable mileage options, and the choice to include maintenance services if needed. Enquire with Dick Lovett BMW in Bristol, Hungerford, Melksham (near Bath) and Swindon today to learn more about how our contract hire solutions can benefit your business today.
BMW Business Lease
Why choose Business Leasing
Business Contract Hire (BCH) is a popular long-term vehicle lease agreement designed specifically for business and corporate users. Unlike Personal Contract Hire (PCH) - which is only for personal use - BCH offers a range of benefits to help you get a brand-new BMW for your business needs.
One of the main benefits of Business Leasing is that VAT-registered companies can claim 100% of the VAT back - when used for business use only - or up to 50% VAT if the vehicle is used for both business, and private use. On contracts with maintenance, the VAT on the service element is 100% recoverable.
A typical business lease agreement lasts between two to four years (24 to 48 months) and provides businesses with a straightforward way to get a brand-new BMW. And as the finance provider stays the owner of the vehicle, it does not show on your balance sheet, which can help you manage your business finances more effectively.
At the end of your lease agreement, you simply return your BMW to the finance provider with nothing further to pay (provided the vehicle is in good condition, and within the contracted mileage limit). You can then choose to take out another BMW business lease agreement.
Salary sacrifice car schemes for your business are also available. These provide a multitude of benefits for all employees and not just those entitled to a company car.
The benefits of BMW Business Contact Hire:
- Low initial rental and fixed rentals for the contract term
- Flexible contract duration and mileage terms
- Maintenance and servicing can be included in the monthly rental
- No worries about depreciation or disposal at the end of the contract
- Monthly rentals are offset against your annual corporation tax or self-assessment tax return
- VAT-registered companies can claim back up to 100% of the VAT on vehicle rentals
- 100% of the VAT can be claimed back on maintenance costs
BMW Business Leasing Featured OffersSee all finance offers
BMW Business Finance with Dick Lovett BMW
How does BMW Business Leasing work?
Looking for a BMW i4 business lease or BMW 3 Series Touring lease? Dick Lovett BMW’s specialist Corporate team are here to help. Our experts in Bristol, Hungerford, Melksham, and Swindon are on hand to guide you through the process and find the best deal for your business.
Several factors will affect the cost of your contract hire rental, including the purchase price of the vehicle or OTR value, the duration of the contract, your initial rental, annual mileage, and the anticipated residual value of the vehicle. You may also choose to include additional contract options, such as maintenance and servicing.
These factors determine the expected value of your BMW at the end of the agreement. A monthly rental is then calculated to cover the depreciation between its value at the start and its projected resale value at the end. By taking all these into account, we can help you get the best possible deal on your BMW business lease.
Business Leasing with Dick Lovett
To ensure a premium experience, Dick Lovett BMW offers a choice of local delivery options once your business leasing deal has been finalised. You can choose to collect your new BMW from one of our showrooms in Bristol, Hungerford, Melksham, or Swindon, or have it delivered.
If you choose to have your BMW delivered, your handover will be completed by a professional driver explaining everything you need to know about its main features, ensuring a thorough handover outside of the showroom.
When your new BMW arrives, it will have never been driven more than 99 miles, and it will be delivered with at least half a tank of fuel or 80% electric charge. Our dedicated Corporate team will also contact you within 48 hours of your handover to ensure everything is going smoothly and to answer any questions you may have.
Our commitment to exceptional service does not end there. With our Corporate Aftersales Promise, we guarantee the same unmatched level of service and specialist corporate support throughout your BMW lease agreement. In case your BMW requires repairs, our team will triage it within 24 hours, and all follow-up appointments will take place within 7 working days (or 3 days if a warning light is showing) to minimise any disruption.
When any service or repair is completed, your car will receive a complimentary wash and vacuum. You will also receive a complimentary BMW End of Warranty Check. Enquire with Dick Lovett BMW today.
Frequently asked questions
Your questions about BMW business contract hire, answered
Who is eligible for business car leasing?
If you’re in business or self-employed, your business is trading and is in profit, the chances are you will qualify for a car lease deal. Contract hire is open to:
- Sole traders
- VAT registered businesses
- Limited companies
You will need to provide proof of your identity and your address, bank statements and/or audited accounts and have a good credit rating.
What is Business Contract Hire and is it different to Business Car Leasing?
Both Business Contract Hire and Business Car Leasing are the same thing and instead of buying a car you simply rent it from a finance company for an agreed period of time. At Dick Lovett we have a team of business leasing and contract hire specialists who can help you choose how long you want the contract for and decide your annual mileage allowance. These criteria then help to determine the amount you will pay each month.
The most obvious difference between buying and leasing is that when you buy a car you own it and when you lease a car, you don’t. You are renting the car from the finance company, so at the end of the contract all you have to do is hand the car back in good condition – just like you would a hire car.
As with any contractual arrangement, you must fulfil your obligations under the lease agreement. If you don’t there’s likely to be more to pay so you should be mindful of what you have committed to and how the car is used. Exceeding the agreed mileage, returning the car early or in poor condition could incur extra charges.
What are the tax benefits of business contract hire?
There are a few tax and VAT advantages when leasing a car through your business:
- The monthly payment can be offset against taxable profits. How much depends on the CO2 emissions of your chosen car - if your car emits CO2 emissions of 110g/km or less, the full net monthly lease cost can be offset; if your car’s CO2 emissions exceed 110g/km 85% of the net monthly lease cost can be offset.
- A car on contract hire is classed as "off balance sheet", which means it isn’t sitting on the books as a depreciating asset.
- If your business is VAT registered you can reclaim 100% of the VAT on the monthly rental cost if the car is used exclusively for business. You can also reclaim 50% of the VAT if the car is also used personally and 100% of the VAT on a maintenance package, if you have added one to your contract hire agreement.
- If you are self-employed as a sole trader, partner or an LLP member you won’t have to pay company car tax.
- If your business is not VAT registered you’re still eligible for contract hire. You simply pay the VAT on the monthly rental cost.
Is car insurance included in the leasing price?
No. Unlike a rental agreement although you are not the car’s owner you do need to arrange your own insurance and ensure that you are covered for the appropriate type of use.
Based on 7,631 reviews
A pleasurable experience.
A pleasant experience.
Good communication and helpful
Fantastic service very friendly